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2021-12-31-accounts

Little Hearts Matter

(a company limited by guarantee)

Report and Financial Statements

Year ended 31 December 2021

A company limited by guarantee, registered in England and Wales, number 06442071, registered office 75 Harborne Road, 4th Floor, Edgbaston, Birmingham, West Midlands, B15 3BU, registered charity number 1123290.

Little Hearts Matter

(a company limited by guarantee)

Contents

Year ended 31 December 2021


Pages
1 - 6 Trustees’ Report
7 Independent Examiner’s Report
8 Statement of Financial Activities
9 Balance Sheet
10 - 19 Notes to the Accounts

Little Hearts Matter (a company limited by guarantee)

Trustees’ Report

Year ended 31 December 2021

The Trustees are pleased to present their annual Directors’ report together with the financial statements of the Charity for the year ended 31 December 2021 which are also prepared to meet the requirements for a Directors’ report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.

Chair’s Report

2021 has been a challenging year for the whole of the country and equally so for Little Hearts Matter (“LHM”). It has also been a rewarding year with support given to families at their moment of need and also the ability to hold a face to face event for the first time in eighteen months.

The office team have been exceptional in the face of ongoing Covid challenges and again provided unwavering support to both the members and also to support the operation and income of the Charity.

The income uncertainty continued and despite the great work of the team and friends of LHM, this has fallen for the first time in three years. Careful budgeting and planning, however, ensured that this has not impacted the services and support offered by the Charity. Through careful cost control, a surplus has been realised and this has enabled the Trustees to designate some of the general funds for future service costs. This fund provides continuity to enable further dedicated resource to be brought in to support the members over and above those funds provided by various grant providers.

Throughout the Covid pandemic, children have continued to be born with a single ventricle heart; many have required surgery, some have sadly passed away and for others there has been considerable anxiety. Throughout all of this, the office team and support line volunteers have been there as a friend and shoulder to support children, young adults, parents, grandparents and friends. Further details of the support provided are included later in this report.

A clear highlight of the year was the summer party/event. This required careful planning to ensure safety for all attendees and with all of the activities for many families who opted to stay for the whole weekend. The opportunities for families affected by a child with only half a heart to meet one another must always be taken. The happy faces on both children and adults alike combined with the formal feedback received shows the importance of these events in order to reduce the isolation and fear which so many face.

Now at the end of 2021, LHM is in an exceptionally strong financial position and the continued support of the members, who provide the steer and direction of the Charity, is relatively assured. Our focus has therefore never been clearer, and I look forward to another rewarding year ahead.

David Baumber

Page 1

Little Hearts Matter (a company limited by guarantee)

Trustees’ Report (continued)

Year ended 31 December 2021

Objectives and Activities

The objective of the Charity is to promote the relief and welfare of persons affected by congenital single ventricle cardiac disease and to advance the education of the medical profession and the general public on the subject of single ventricle cardiac disease and its implications for the family.

The main activities of the Charity in order to meet this objective are:

Achievements and Performance

2021 was a very positive year for Little Hearts Matter despite the impact of Covid. The core workload of the Charity continues to grow as the number of services expands alongside the size of the membership. Key achievements for the year include:

Page 2

Little Hearts Matter (a company limited by guarantee)

Trustees’ Report (continued)

Year ended 31 December 2021

The Charity had 5,142 members as at 31 December 2021 (2020: 4,790).

Financial Review and Reserves Policy

It is the policy to maintain unrestricted funds at a level sufficient to cover management and administration costs, to respond to emergency applications for grants which arise from time-to-time as well as ongoing and future commitments approved by the Board of Trustees. The total reserves as at 31 December 2021 are £425,793 (2020: £356,886) of which £179,494 (2020: £195,261) relate to the general fund and £75,000 (2020: £nil) have been designated. With the planned expansion of services to the membership, the Trustees have allocated £75,000 to a new Services designated fund to ensure continuity of support for these vulnerable people.

The Charity would like to maintain a general fund cash balance equating to between three and six months of expenditure from the general fund. Based on the budgeted costs approved by the Board of Trustees for the year to 31 December 2021, the Charity has approximately five months (seven months at 31 December 2020) of expenditure in the general fund cash balance.

Income

LHM has received a total income of £429,962 which is 9% lower than the previous financial year (£470,036). Given the impact of Covid and the economic climate, the level of income in 2021 is deemed extremely satisfactory. There was a noticeable change in income sources during 2021 with cessation of Covid grants partly offset by increases in fundraising and other forms of grant income.

The Board of Trustees and office team are committed to ensuring that the level of income in the last two years is the new baseline to ensure the charity can continue to expand its service offering to new families and to the young people affected by their life-changing medical conditions as they get older. As the country adapts to the long-term consequences of Covid, it is expected that the income will revert to the historic sources with significant amounts of membership-driven fundraising.

Expenditure

The overall expenditure of £361,055 shows an increase of 5% when compared to the prior year (£344,694). The Trustees and office team took a strict view on costs once the first national lockdown was declared in March 2020. As the country showed signs of recovery in 2021 a key support event referred to as the Summer Party was held which was a highly successful way for families affected by a single ventricle heart condition to meet and support one another.

Further services have been expanded with a new team member joining reflecting the support needed by an increasing number of adults with a single ventricle heart condition as well as the printing of various publications. Staff costs decreased during the year in response to Covid but with the expansion of services and the designated funds, these are forecast to grow in the future.

Future Developments

The growth in the Charity membership in recent years has led to increased demand for the various services offered. One key focus area is the increasing age of the children with single ventricle conditions and this has led to the next stage of the Charity’s strategy – “Creating a Better Future”. The Charity will continue to provide and expand on the services to families of the younger affected children as well as to bereaved families but will look to build these services and develop new support into a full roadmap as the young people enter adulthood.

Page 3

Little Hearts Matter (a company limited by guarantee)

Trustees’ Report (continued)

Year ended 31 December 2021

Reference and administrative details
Charity number: 1123290
Company number: 06442071
Registered Office: 75 Harborne Road, 4th Floor, Edgbaston, Birmingham,
West Midlands, B15 3BU
Our advisors
Bankers: Barclays Bank plc
Colmore Row,
Birmingham
Independent Examiner: David Williams FCA FCCA
Institute of Chartered Accountants in England and Wales
Locke Williams Associates LLP
Chartered Accountants
Blackthorn House
St Pauls Square
Birmingham
West Midlands
B3 1RL
Medical Adviser: Dr David Crossland

Trustees and Directors

The Directors of the charitable company (the Charity) are its Trustees for the purpose of charity law. The Trustees and Officers serving during the year and since the year end were as follows:

Chair: D Baumber
Treasurer: P Groves
Other Trustees: I Baumber
J Lube
W Manger
M O’Herlihy
L Durkin (appointed 8th May 2021)
H Palmer (appointed 8th May 2021)
A Pearce (appointed 8th May 2021)
G Wallis (resigned 8th May 2021, having not opted for re-election)

Key Management Personnel

Chief Executive & : Suzie Hutchinson Service Lead

Page 4

Little Hearts Matter (a company limited by guarantee)

Trustees’ Report (continued)

Year ended 31 December 2021

Structure, Governance and Management

Governing document

The Company is limited by guarantee and is governed by its Memorandum and Articles of Association filed on 30 November 2007. The Company is also a Charity registered with the Charity Commission.

Appointment of Trustees

The Trustees of the Charity are appointed for a period of three years, at which point they must resign but are able to offer themselves for re-election at the Annual General Meeting if they so choose. Trustees can only be appointed at the Annual General Meeting by a majority vote of the members represented at the meeting and are proposed and seconded by current members of the Trustee Board.

Trustee induction and training

New Trustees receive a formal induction process whereby they spend at least one day in the Charity office to further understand the workings of the organisation. In addition to this they receive recent Charity Reports, financial reports and a binder explaining the full responsibilities of a Charity Trustee.

Organisation

At the quarterly Trustee meetings, the Trustees agree the broad strategy and areas of focus for the Charity. The day-to-day administration of the Charity is delegated to the Chief Executive who is given support by the Finance and General Purposes Committee, which consists of the Chair and two further Trustee members as well as the Chief Executive. The Committee meets every month.

Risk Management

The Board of Trustees has examined the major strategic, business and operational risks which the Charity has and confirms that systems have been established to enable a Risk Register to be produced so that the necessary steps can be taken to manage such risks.

Covid and the recovery from this virus, continues to present challenges to the Charity and its membership. The financial position during 2020 and 2021 improved through tight cost control and support from various grant making bodies as well as the membership. This position then lessens the risk to LHM but the Trustee board and office team continue to monitor the situation closely and adapt as required.

Page 5

Little Hearts Matter (a company limited by guarantee)

Trustees’ Report (continued)

Year ended 31 December 2021

Grant Making Policy

The applications for funding of projects are reviewed by the Board of Trustees for approval.

Public Benefit

The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Charity’s aims and objectives and in planning future activities as well as setting the grant-making policy for the year.

Trustees’ responsibilities in relation to the Financial Statements

The Trustees are responsible for preparing the annual report and financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Laws applicable to charitable companies in England and Wales require the Trustees and Directors to prepare financial statements for each financial period, which give a true and fair view of the charitable Company as at its balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial period. In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charitable Company and enable them to ensure the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by the Board of Trustees and signed on their behalf by:

P Groves Treasurer

12 July 2022

Page 6

Little Hearts Matter (a company limited by guarantee)

Independent Examiner’s Report to the Trustees of Little Hearts Matter

Year ended 31 December 2021

I report to the charity trustees on my examination of the accounts of Little Hearts Matter (the Charity) for the year ended 31 December 2021.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner’s statement

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

David Williams FCA FCCA Institute of Chartered Accountants in England and Wales Locke Williams Associates LLP Chartered Accountants Blackthorn House St Pauls Square Birmingham West Midlands B3 1RL 12 July 2022

Page 7

Little Hearts Matter (a company limited by guarantee)

Statement of Financial Activities including Income and Expenditure Account

Year ended 31 December 2021

----- Start of picture text -----
Total funds for Total funds for
Unrestricted Funds Restricteds year ended 31 year ended 31
General Designated Funds December 2021 December 2020
Note £ £ £ £ £
Incoming resources
Donations 79,191 - 1,160 80,351 84,372
- -
Fundraising 124,357 124,357 89,276
-
Corporate/grant funders 103,922 96,826 200,748 172,667
Covid donations/grants - - - - 95,652
Tax refunds 19,600 - - 19,600 25,493
Income from sale of merchandise 3 4,906 - - 4,906 2,576
Total incoming resources 331,976 - 97,986 429,962 470,036
Resources expended
Costs of generating funds 4 16,034 - - 16,034 8,117
Charitable activities 5 256,709 - 88,312 345,021 336,577
-
Total resources expended 272,743 88,312 361,055 344,694
Transfers between funds (75,000) 75,000 - - -
Net movement in funds (15,767) 75,000 9,674 68,907 125,342
Fund balance at 31 December
-
195,261 161,625 356,886 231,544
2020
Fund balance at 31 December
179,494 75,000 171,299 425,793 356,886
2021
----- End of picture text -----

The Statement of Financial Activities includes all gains and losses recognised in the period.

All income and expenditure derive from continuing activities.

Page 8

Little Hearts Matter (a company limited by guarantee, company number 06442071)

Balance Sheet

As at 31 December 2021

Notes
Fixed assets
Intangible fixed assets
10
Tangible fixed assets
10
Current assets
Debtors
11
Cash at bank and in hand
12
Creditors: amounts falling due
within one year
13
Net current assets
Net assets
Funds
Unrestricted:
General
14
Designated
14
Restricted
14, 15
Total Charity Funds		 As at 31
December
2021
£
3,122
4,125
7,247
24,317
404,546
428,863
(10,317)
418,546
425,793
179,494
75,000
254,494
171,299
425,793		 As at 31
December
2020
£
-
2,172
2,172
13,733
349,500
363,233
(8,519)
354,714
356,886
195,261
-
195,261
161,625
356,886

For the year ended 31 December 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to the accounting records and the preparation of the accounts.

These financial statements were approved by the Board of Directors on 18[th] June 2022 and signed on its behalf on 12[th] July 2022 by:

D Baumber Chair Director

P Groves Treasurer Director

Page 9

Little Hearts Matter (a company limited by guarantee, company number 06442071)

Notes to the Financial Statements Year ended 31 December 2021

1 Company status

The charity is a company limited by guarantee in England and Wales and does not have any share capital. The liability of the members is limited and shall not exceed £1 per member. Any surplus on winding up is to be donated to a charity whose objects are of a similar nature. The charitable company has taken advantage of section 60 of the Companies Act 2006 and deleted the word ‘Limited’ from its name.

2 Principal accounting policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company’s accounts.

a) Basis of accounting

The financial statements have been prepared in accordance with the Charities Act 2011 and ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland’ published in October 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 section 1A.

The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Preparation of the accounts on a going concern basis. The charity reported a surplus of £68,907 during the year, had total funds of £425,793 and cash balances of £404,546. The Trustees are of the view that on this basis the charity is a going concern. The trustees remain in regular contact with members and sponsoring bodies to secure their ongoing financial support.

The financial statements are prepared in sterling which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest pound.

b) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executors to the charity that a distribution will be made, or when a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executors’ intention to make a distribution.

The charity received no grants related to the coronavirus job retention scheme during the year (2020: £26,602).

Page 10

Little Hearts Matter (a company limited by guarantee, company number 06442071)

Notes to the Financial Statements (continued) Year ended 31 December 2021

2 Principal accounting policies (continued)

c) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

d) Governance costs

Governance costs comprise costs for the running of the Charity itself as an organisation.

e) Stocks

Stocks are valued at the lower of cost and net realisable value. Given the slow moving nature of the stocks, these balances have now been fully written off.

f) Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other shortterm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

g) Tangible fixed assets and depreciation

Tangible fixed assets are capitalised and included at cost including any incidental expenses of acquisition. Only items with a cost greater than £1,000 are capitalised with lower values expensed through the Statement of Financial Activities.

Fixed assets are depreciated at annual rates estimated to write off the cost over their expected working life on the following bases:

Fixtures and fittings 20%
Computer equipment 33%
Websites 20%

The original cost of websites is capitalised into fixed assets but ongoing maintenance and minor modifications are shown in the Statement of Financial Activities.

h) Operating leases

Rental charges are charged on a straight-line basis over the term of the lease.

i) Taxation

Little Hearts Matter is registered as a Charity with the Charity Commission and under the provisions of Section 478 Corporation Tax Act 2010, is exempt from liability to taxation.

j) Financial instruments

The Charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

k) Donated services

The Board of Trustees also provide services to the Charity for day to day book-keeping, report production, payroll services, information production and other ad-hoc tasks. The Charity also has approximately 50 volunteers who lead regional groups, help provide the dedicated support line service and support administrative tasks in the office. In accordance with the Charities SORP (FRS 102), the general volunteer time of these groups has not been recognised in these accounts.

Page 11

Little Hearts Matter (a company limited by guarantee, company number 06442071)

Notes to the Financial Statements (continued) Year ended 31 December 2021

2 Principal accounting policies (continued)

3 Profit on sale of merchandise

----- Start of picture text -----
Year ended 31 Year ended 31
December December
2021 2020
£ £
Sales 4,906 2,576
Cost of sales (note 4) (2,885) (1,162)
Net profit 2,021 1,414
----- End of picture text -----

4 Costs of generating funds

----- Start of picture text -----
Year ended 31 Year ended 31
December December
2021 2020
£ £
LHM Events 4,385 514
Fundraising website charges 4,052 3,108
Cost of sales of merchandise (note 3) 2,885 1,162
Printing, travel and postage 1,445 872
Other 3,267 2,461
16,034 8,117
----- End of picture text -----

Page 12

Little Hearts Matter (a company limited by guarantee, company number 06442071)

Notes to the Financial Statements (continued) Year ended 31 December 2021

5 Charitable activities

----- Start of picture text -----
Year ended 31 Year ended 31
December December
2021 2020
£ £
Staff costs 188,205 208,278
Rent and service charges 47,952 48,043
Open day / Summer event 22,640 6,496
Printing/photocopying 19,157 8,360
IT support & Licences 11,251 11,922
Governance costs 6,570 6,772
Database 6,162 4,359
Telephone 5,600 3,768
Newsletter 5,123 3,971
Depreciation 4,395 5,223
Insurance 3,922 2,408
Gifts 3,307 2,881
Postage 3,254 6,273
Bereavement events 2,670 143
Youth activities 2,239 1,328
Training 2,005 1,363
Subscriptions 1,937 1,946
Travel and hotels 1,655 347
Pensions administration 1,123 1,123
Public awareness 900 2,302
-
Membership roadshow 1,747
-
Activity weekends 1,080
Other costs 4,954 6,444
345,021 336,577
Analysed as:
Unrestricted: General 256,709 259,043
- -
Unrestricted: Designated
Restricted 88,312 77,534
345,021 336,577
----- End of picture text -----

Page 13

Little Hearts Matter (a company limited by guarantee, company number 06442071)

Notes to the Financial Statements (continued) Year ended 31 December 2021

6 Governance costs

----- Start of picture text -----
Year ended 31 Year ended 31
December December
2021 2020
£ £
Staff costs 4,885 4,943
Independent examiner’s fee 1,685 1,625
Trustee expenses - 123
Training - 81
6,570 6,772
----- End of picture text -----

The Trustee expenses have been apportioned to take account of meetings attended by the Trustees involved in day-to-day running of the Charity and the values above relate to travel to Trustee meetings. The staff costs are an apportionment based on estimated time.

Expenses relating to previous years included within creditors: amounts due within one year (note 13) have been released and treated as donations where claims have not been made.

The amount paid to the independent examiner for the independent examination in the year totalled £1,685 (2020: 1,625).

7 Trustees’ remuneration

No remuneration has been paid to the members of the Board of Trustees. During the year no members of the Board of Trustees was reimbursed for travel expenses (2020: £nil). Where feasible the Charity incurs the cost directly for Trustee travel and accommodation expenses.

8 Staff costs

The aggregate cost of employment was as follows:

Wages and salaries
Social security costs
Pensions
The average number of employees was:
Administration		 Year ended 31
December
2021
£
177,161
11,004
4,925
193,090
8		 Year ended 31
December
2020
£
194,822
12,609
5,790
213,221
9

No employees received benefits of more than £60,000.

The key management personnel of the Charity comprise the Trustees, the Chief Executive, the Youth Leader and Fundraising Manager. The total employee benefits of the key management personnel were £102,428 (2020: £105,276).

Page 14

Little Hearts Matter (a company limited by guarantee, company number 06442071)

Notes to the Financial Statements (continued) Year ended 31 December 2021

9 Comparatives for the Statement of Financial Activities

----- Start of picture text -----
Year ended 31 December 2020
Unrestricted Restricted Total
Funds Funds Funds
£ £ £
Incoming resources
Donations 81,797 2,575 84,372
-
Fundraising 89,276 89,276
Corporate/grant funders 86,899 85,768 172,667
Covid donations/grants 26,602 69,050 95,652
Tax refunds 25,493 - 25,493
Income from sale of
-
2,576 2,576
merchandise
Total incoming resources 312,643 157,393 470,036
Resources expended
-
Costs of generating funds 8,117 8,117
Charitable activities 259,043 77,534 336,577
Total resources expended 267,160 77,534 344,694
Net movement in funds 45,483 79,859 125,342
Total funds brought forward 149,778 81,766 231,544
Total funds carried forward 195,261 161,625 356,886
----- End of picture text -----

Page 15

Little Hearts Matter (a company limited by guarantee, company number 06442071)

Notes to the Financial Statements (continued) Year ended 31 December 2021

10 Tangible fixed assets

11 Debtors
12 Cash at bank and in hand
Cost
At 1 January 2021
Additions
Disposals
At 31 December 2021
Depreciation
At 1 January 2021
Charge for the year
Disposals
At 31 December 2021
Net Book value
At 31 December 2021
At 31 December 2020
Prepayments
Current accounts
Cash in hand		 Fixtures and
fittings
£
1,217
-
-
1,217
1,217
-
-
1,217
-
-		 Computer
equipment
£
9,557
5,568
(4,282)
10,843
7,385
3,615
(4,282)
6,718
4,125
2,172		 Total Tangible
fixed assets
£
10,774
5,568
(4,282)
12,060
8,602
3,615
(4,282)
7,935
4,125
2,172
As at 31
December
2021
£
24,317		 Intangible
fixed assets:
websites
£
12,481
3,902
(12,481)
3,902
12,481
780
(12,481)
780
3,122
-
As at 31
December
2020
£
13,733
As at 31
December
2021
£
403,840
706
404,546		 As at 31
December
2020
£
348,537
963
349,500

Page 16

Little Hearts Matter (a company limited by guarantee, company number 06442071)

Notes to the Financial Statements (continued) Year ended 31 December 2021

13 Creditors: amounts falling due within one year

----- Start of picture text -----
As at 31 As at 31
December December
2021 2020
£ £
Taxation and social security 4,857 3,173
Acruals 5,460 5,346
10,317 8,519
----- End of picture text -----

14 Analysis of net assets between funds

----- Start of picture text -----
As at 31 As at 31
Restricted Unrestricted December December
fund funds 2021 2020
£ £ £ £
Fixed assets 4,042 3,205 7,247 2,172
Net current assets 167,257 251,289 418,546 354,714
171,299 254,494 425,793 356,886
----- End of picture text -----

171,299 254,494 425,793 356,886
nalysis of charitable funds
Unrestricted funds:
General Fund
Designated Fund
Restricted funds:
Persimmon - Covid
Lottery Community Fund
Paul Hamlyn - adult services
Barbara Ward
Youth services
Freddy Fund
St James's Place - Covid
Children in Need
British Medical Association
Jigzy
Lottery - In Memory
Energy Project
Theo Walker
Medical Information Fund
Lottery - Covid
Brave Heart Awards
Children in Need - Covid
Other
Total funds		 As at 31
December
2020
£
195,261
-
195,261
50,000
29,707
-
10,116
15,603
10,565
6,930
603
10,000
6,650
3,391
1,177
5,500
4,905
2,031
673
3,774
161,625
356,886		 Incoming
resources1
£
256,976
75,000
331,976
-
34,155
30,000
7,000
-
1,160
-
21,171
-
4,500
-
-
-
-
-
-
-
-
97,986
429,962		 Resources
expended
£
(272,743)
(272,743)
(14,780)
(31,851)
(5,130)
(142)
(564)
-
-
(15,761)
(4,073)
-
(2,902)
-
-
(5,500)
(4,905)
(2,031)
(673)
-
(88,312)
(361,055)		 As at 31
December
2021
£
179,494
75,000
254,494
35,220
32,011
24,870
16,974
15,039
11,725
6,930
6,013
5,927
4,500
3,748
3,391
1,177
-
-
-
-
3,774
171,299
425,793

15 Analysis of charitable funds

1 For ease of understanding, the transfer between the general and designated funds has been presented within income resources,

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Little Hearts Matter (a company limited by guarantee, company number 06442071)

Notes to the Financial Statements (continued) Year ended 31 December 2021

15 Analysis of charitable funds (continued)

The designated funds have been created to ensure that any shortfall in funding for the core services of LHM can met. This then provides continuity of support for the membership.

The restricted funds relate to the following:

‘Covid’ Funds These funds have been provided from various bodies to ensure the continuation of various key services to the membership during the recovery from the Covid 19 pandemic. Lottery Community This provides funding for Social Media Service provision. Fund Paul Hamlyn These funds have been provided to enable LHM to expand its services and provide dedicated services to adults with a single ventricle heart condition. Barbara Ward Fund These funds have been received to provide activity weekends for the children and their siblings, affected by a single ventricle heart condition. Youth services This provides dedicated funds for youth events and also seed capital for the youth website development project. Freddy Fund In memory of a child that died, this fund is used to support projects to inform and help the brothers and sisters of children born with single ventricle heart disease. Children in Need Funding for youth services including a dedicated Youth Officer. British Medical This funding has been provided to develop resources for young people, their Association families and their relevant healthcare professionals regarding the transition from child to adult medical support with a single ventricle heart condition. Lottery – In Memory This fund supports the memorial events provided by LHM. Energy Project These are funds which have been received to support the Energy Project and describes the “spoons of energy” initiative which gives children a simple way to explain to others how their condition affects them day to day. Theo Walker Fund In memory of a child that died, this fund was created to help raise awareness of the support and information services that the Charity provides throughout the country.

16 Commitments

The Charity has no on-going capital commitments as at 31 December 2021.

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Little Hearts Matter (a company limited by guarantee, company number 06442071)

Notes to the Financial Statements (continued) Year ended 31 December 2021

17 Related Party Transactions

The only related party transactions, other than expenses disclosed in note 7, have been monies received from the Trustees and their families as follows:

----- Start of picture text -----
Year ended 31 Year ended 31
December December
2021 2020
£ £
Donations 425 250
- -
Fundraising
Merchandise 101 -
526 250
----- End of picture text -----

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